SWIFT Implements a Change Request Forum for Communal Change
- SWIFT's Change Request Forum acts as a free service and feedback feature for its existing MyStandards utility.
SWIFT (Society for Worldwide Interbank Financial Telecommunication), a global provider of secure financial messaging, is launching its Change Request Forum (CRF), which was designed to provide a nexus for communal feedback and communication, per a recent SWIFT statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
On an annual basis, SWIFT extends a maintenance process within its comprehensive community to request formal changes to the MT messages. Such change requests are also subject to a variety of measures from the community as a whole, including feedback mechanisms, dissemination, and consultation – eventually, this process culminates in the adoption or rejection of new measures in for messaging.
Previously, this process was conducted by such mediums as email, which presents an inherent difficulty in overall reach. Consequently, SWIFT has introduced its CRF, which acts as a free service and feature of its existing MyStandards utility – in doing so the CRF will aim to help kindle information sharing and more unified collaborative feedback for its messaging community.
Moreover, the CRF will also enable the publication and streamlined dissemination of CRs throughout SWIFT’s global community, allowing for the posting of comments, and the endorsement of such feedback from others. The CRF utility is slated for a July 2016 release.
Stephen Lindsay, Head of Standards, SWIFT
According to Stephen Lindsay, Head of Standards at SWIFT in a recent statement on the CRF: “We strongly believe that this initiative will provide a more structured communication, will ensure greater community participation and will improve collaboration amongst stakeholders. Both SWIFT and the user community recognise that information-sharing and feedback process would be improved by using a central, common, collaborative platform.”
Late last month, SWIFT made headlines after it inked a memorandum of understanding (MOU) with China’s Cross-border Interbank Payment System (CIPS), helping integrate China with the broader global SWIFT community. The MOU helped strengthen China’s overseas payment capabilities via SWIFT’s globally utilized infrastructure.
SWIFT (Society for Worldwide Interbank Financial Telecommunication), a global provider of secure financial messaging, is launching its Change Request Forum (CRF), which was designed to provide a nexus for communal feedback and communication, per a recent SWIFT statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
On an annual basis, SWIFT extends a maintenance process within its comprehensive community to request formal changes to the MT messages. Such change requests are also subject to a variety of measures from the community as a whole, including feedback mechanisms, dissemination, and consultation – eventually, this process culminates in the adoption or rejection of new measures in for messaging.
Previously, this process was conducted by such mediums as email, which presents an inherent difficulty in overall reach. Consequently, SWIFT has introduced its CRF, which acts as a free service and feature of its existing MyStandards utility – in doing so the CRF will aim to help kindle information sharing and more unified collaborative feedback for its messaging community.
Moreover, the CRF will also enable the publication and streamlined dissemination of CRs throughout SWIFT’s global community, allowing for the posting of comments, and the endorsement of such feedback from others. The CRF utility is slated for a July 2016 release.
Stephen Lindsay, Head of Standards, SWIFT
According to Stephen Lindsay, Head of Standards at SWIFT in a recent statement on the CRF: “We strongly believe that this initiative will provide a more structured communication, will ensure greater community participation and will improve collaboration amongst stakeholders. Both SWIFT and the user community recognise that information-sharing and feedback process would be improved by using a central, common, collaborative platform.”
Late last month, SWIFT made headlines after it inked a memorandum of understanding (MOU) with China’s Cross-border Interbank Payment System (CIPS), helping integrate China with the broader global SWIFT community. The MOU helped strengthen China’s overseas payment capabilities via SWIFT’s globally utilized infrastructure.